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VOL. 13, ISSUE 2 (2026)
Defence procurement, financial risk, and strategic partnerships: A policy analysis of indo-pacific security cooperation
Authors
Rajeev Singh
Abstract
The relationship between
defence procurement systems, financial risks and strategic partnerships in the
Indo-Pacific region is considered. Due to the increased geopolitical
competition and modernisation of the defence processes, the inefficiencies of
the procurement processes and financial risks have become more drastic and
demand a combined analytical solution. The study aim at identifying
inefficiencies in the procurement process at the structural level, the key
financial risks, and how strategic partnerships can reduce the risks. The study
utilizes a qualitative policy analysis to review key actors in the region, i.e.
China, India, Japan and Australia by examining secondary data such as the
statistics of defence spending, policy documents and the available literature.
The findings suggest that there was a massive increment in defence expenditure
in 2010-2021 with China registering more than 70 percent growth and the rest
registering moderate growth of between 25-30 percent. Nonetheless, the
inefficiencies remain, including the cost overruns of over 20 percent and
delays of 15-30. Other financial risk factors include the exchange rate
volatility and dependency on the supply chain. The AUKUS and Quad cost-sharing
and technology transfer make the strategic partnerships more efficient (10-15
percent). The study concludes that there should be integrated changes in
policy.
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Pages:512-521
How to cite this article:
Rajeev Singh "Defence procurement, financial risk, and strategic partnerships: A policy analysis of indo-pacific security cooperation". International Journal of Multidisciplinary Research and Development, Vol 13, Issue 2, 2026, Pages 512-521
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